Economy, Banking and Finance · 16 February 2026
NPCI International Payments Limited (NIPL) partners with PayNet to enable UPI acceptance in Malaysia.
Exam-focused facts from the 16 February 2026 current affairs briefing.
Key facts
- NPCI International Payments Limited (NIPL) signed an agreement with Payments Network Malaysia Sdn Bhd (PayNet) to enable QR-based merchant payments between India and Malaysia.
- Indian travellers will scan DuitNow QR codes using UPI-enabled apps during the first phase of the rollout.
- Malaysian travellers will scan UPI QR codes using DuitNow apps in a subsequent phase.
- The integration will give Indian users access to millions of DuitNow QR acceptance points across Malaysia, including restaurants, retail outlets and tourist establishments.
- Malaysian visitors will gain acceptance across millions of UPI QR-enabled merchant locations in India.
- NPCI International Payments was incorporated in April 2020 as a wholly owned subsidiary of NPCI to deploy UPI and RuPay systems overseas.